Treasurer of the State of North Carolina Reduces Position in HF Sinclair Co. (NYSE:DINO)

Treasurer of the State of North Carolina lowered its stake in HF Sinclair Co. (NYSE:DINO) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,987 shares of the company’s stock after selling 1,010 shares during the period. Treasurer of the State of North Carolina’s holdings in HF Sinclair were worth $2,383,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Renaissance Technologies LLC lifted its position in HF Sinclair by 80.9% during the 4th quarter. Renaissance Technologies LLC now owns 144,905 shares of the company’s stock worth $5,079,000 after acquiring an additional 64,800 shares during the period. Cerity Partners LLC lifted its holdings in shares of HF Sinclair by 105.4% during the fourth quarter. Cerity Partners LLC now owns 64,809 shares of the company’s stock worth $2,351,000 after purchasing an additional 33,258 shares during the period. Aster Capital Management DIFC Ltd lifted its holdings in shares of HF Sinclair by 76.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 16,844 shares of the company’s stock worth $590,000 after purchasing an additional 7,309 shares during the period. Envestnet Asset Management Inc. boosted its position in HF Sinclair by 24.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 119,704 shares of the company’s stock valued at $4,196,000 after buying an additional 23,856 shares during the last quarter. Finally, Aviva PLC acquired a new position in HF Sinclair in the 4th quarter worth approximately $567,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Mizuho dropped their price objective on shares of HF Sinclair from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Morgan Stanley decreased their price objective on HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, March 14th. Wells Fargo & Company boosted their price target on HF Sinclair from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Friday, March 21st. Scotiabank dropped their price objective on shares of HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Finally, Piper Sandler set a $46.00 target price on shares of HF Sinclair in a research note on Friday, March 7th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $45.10.

HF Sinclair Stock Performance

DINO opened at $29.02 on Friday. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 35.39 and a beta of 1.00. The firm’s fifty day simple moving average is $32.53 and its two-hundred day simple moving average is $37.02. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 52-week low of $24.66 and a 52-week high of $58.73.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. Equities analysts anticipate that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.89%. The ex-dividend date was Thursday, March 6th. HF Sinclair’s payout ratio is presently 243.90%.

Insider Buying and Selling

In related news, Director Franklin Myers bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the acquisition, the director now owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 0.28% of the stock is currently owned by company insiders.

HF Sinclair Company Profile

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.